Update: Market Chatter: Banco Santander Revamps Corporate, Investment Bank Unit in Asia Pacific

12:05 PM EDT, 07/13/2026 (MT Newswires) -- (Updates the date in the first paragraph and adds Banco Santander's July 13 response to a request for comment) Banco Santander (SAN.MC, BNC.L) revamped the corporate and investment bank division of its business in the Asia-Pacific region, London's Financial Times reported July 8, citing people familiar with the matter. The unnamed sources said the Spanish lender is refocusing the unit to Southeast Asia, Japan and South Korea, in line with its growth strategy. They said the changes included the dismissal of the manager for the Beijing branch. The people said the overhaul is characterized by cost-cutting initiatives and closer monitoring of the division by management. Santander declined comment when reached by MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)